Wells Fargo's Kovacevich: $8.9 mil. in 2003 comp

DavidWeidner

NEW YORK (CBS.MW) -- Wells Fargo chairman and chief executive Richard Kovacevich took home $8.9 million in compensation in 2003, according to a regulatory filing made Friday. Kovacevich took home $995,000 in salary, $7.5 million in bonuses and $481,200 in additional pay. His total compensation represents a 6 percent increase over his $8.4 million in 2002. The chief executive also exercised 829,550 options for a gain of $27.4 million in 2003, the filing showed. San Francisco-based Wells Fargo
WFC, -2.69%
shares closed down 74 cents, or 1.3 percent, to $57.57 in trading Friday.

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